CC Homes, a residential development firm led by Armando Codina and Jim Carr, has sold its Sunrise property planned for 900 homes for $164.5 million. The site, located at 7400 Northwest 24th Place, was purchased by New York-based DW Partners, which serves as a land bank for Lennar.
The transaction involves a purchase option agreement allowing Lennar to buy the 160-acre former golf course property. This agreement remains valid until 2031. Records show that CC Homes and its partner Ronald DiGasbarro will also receive a share of proceeds from each future home sale.
The project on the site is named Solterra and includes about 400 single-family homes with the rest of the residences planned as townhomes, including affordable units. The development has been underway since at least 2021 when CC Homes reached an agreement with the city to form the Solterra Community Development District (CDD). CDDs are commonly used in Florida for developers to finance essential infrastructure such as roads and sewer systems; once all homes are sold, homeowners are responsible for repaying these bonds.
CC Homes and DiGasbarro originally acquired the site—previously known as Sunrise Country Club—for $12.3 million.
Codina and Carr established CC Homes in 2007. Separately, Codina leads Coral Gables-based Codina Partners with his daughter Ana-Marie Codina Barlick.
Lennar, based in Miami and led by Stuart Miller, is recognized as one of the largest homebuilders in the United States and holds a significant presence in south Miami-Dade County. The company frequently uses land banks like DW Partners to hold developable properties until construction begins. This practice allows Lennar to avoid carrying land assets on its balance sheet and focus financial resources on building rather than owning land.
In related transactions last month near Pompano Beach, Millrose Properties of Florida—a Lennar spin-off acting as its land bank—purchased a 20-acre site intended for condos and townhomes within The Pomp mixed-use project for $50 million. Additionally, DW Partners acquired 423 homesites in Homestead’s Keys Gate subdivision from JEN Partners, another Lennar-associated land bank.
